this post was submitted on 15 Aug 2023
125 points (72.4% liked)
Technology
59594 readers
2835 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Lets not forget another scenario, if there is some large scale issue - massive internet outage for whatever reason, you are done in cashless society... You cant buy basic stuff...
And such scenario is not out of a scifi, it happened in 1859 - Carrington event - a solar eruption so large, it completely crippled the whole telegraph system, which is much more resilient than our current electronic age... And its not a question if it happens again, but when...
But we dont even need to go that far, just look at Hawaii - large part of it is out of service due to current fires...
Thats why I would never abandon physical money completely...
So we stay stuck in the past because of the fear of a disaster, is that what you're saying? The communities here can be such a strange mix of ludditeness and technology purism.
We can use new technologies, but we always should have a fallback option, in this case cash, otherwise quite bad things usually happen if the technology fails. Planes also have multiple backup systems, many even systems which can work during total electrical system failure. One would expect similar levels of redundancy in other crucial systems, but somehow this is not really the case.